On the job review site Glassdoor, however, Pinterest rates rather well, with 80% of respondents recommending the company and 84% approving of Ready as a CEO. However, based on the complete turnover in the C-suite, it's hard not to suspect something awry with the culture, especially given the earlier accusations of discrimination. In fact, it's part of a larger pattern, and one that is increasingly looking problematic for the company.

In and of itself, his departure shouldn't raise any major issues, but it's not a stand-alone occurrence. It's unclear what business opportunities Morgenfeld is leaving to pursue. Pinterest said Morgenfeld would help ensure a smooth transition as the company searches for its next CFO. Morgenfeld was instrumental in bringing the company to where it is today, guiding its IPO and serving as an architect of its business strategy. Todd Morgenfeld, the CFO and head of business operations, is leaving the company on July 1 to pursue other opportunities. However, there's a bigger reason for investors to be concerned about the stock. Like other social media stocks, Pinterest is getting hurt by the slowdown in the advertising market, and that's expected to last at least through the current quarter. Revenue grew just 4%, missing estimates, and its profits plunged. Pinterest ( PINS 4.75%) stock slipped following the release of its fourth-quarter earnings report.

Company pinterest